Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical Research

ABSTRACT: Start-up development, success, and sustainability are affected by contextual factors that constitute a regional entrepreneurship ecosystem. Based on previous literature, we propose the conceptual framework Start-Up Ecosystem (StUpEco) that highlights the contextual drivers of a start-up bu...

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Main Authors: Christos Ziakis, Maro Vlachopoulou, Konstantinos Petridis
Format: Article
Language:English
Published: Elsevier 2022-03-01
Series:Journal of Open Innovation: Technology, Market and Complexity
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2199853122010447
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author Christos Ziakis
Maro Vlachopoulou
Konstantinos Petridis
author_facet Christos Ziakis
Maro Vlachopoulou
Konstantinos Petridis
author_sort Christos Ziakis
collection DOAJ
description ABSTRACT: Start-up development, success, and sustainability are affected by contextual factors that constitute a regional entrepreneurship ecosystem. Based on previous literature, we propose the conceptual framework Start-Up Ecosystem (StUpEco) that highlights the contextual drivers of a start-up business affected by the entrepreneurial ecosystem entities involved within the quadruple helix model. Furthermore, the proposed framework is tested according to the perceptions of Greek start-uppers through an empirical survey. According to our findings, the start-uppers’ motivation is explained mainly through opportunity rather than necessity. The study identifies government issues, such as tax incentives and acceleration of starting procedures, availability of funding opportunities, connectivity of stakeholders, entrepreneurship education, previous start-up experience, incubator support, as well as mentoring, as the most significant issues affecting the successful development of start-ups.
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spelling doaj.art-610f2a2c95624e3d8de75ac6c60407282023-12-14T05:21:48ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-03-018135Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical ResearchChristos Ziakis0Maro Vlachopoulou1Konstantinos Petridis2Department of Economic Sciences, International Hellenic University, 62124 Serres, Greece; Correspondence: ; Tel.: +30-6937-462999Department of Applied Informatics, University of Macedonia, 54636 Thessaloniki, Greece; (M.V.); (K.P.)Department of Applied Informatics, University of Macedonia, 54636 Thessaloniki, Greece; (M.V.); (K.P.)ABSTRACT: Start-up development, success, and sustainability are affected by contextual factors that constitute a regional entrepreneurship ecosystem. Based on previous literature, we propose the conceptual framework Start-Up Ecosystem (StUpEco) that highlights the contextual drivers of a start-up business affected by the entrepreneurial ecosystem entities involved within the quadruple helix model. Furthermore, the proposed framework is tested according to the perceptions of Greek start-uppers through an empirical survey. According to our findings, the start-uppers’ motivation is explained mainly through opportunity rather than necessity. The study identifies government issues, such as tax incentives and acceleration of starting procedures, availability of funding opportunities, connectivity of stakeholders, entrepreneurship education, previous start-up experience, incubator support, as well as mentoring, as the most significant issues affecting the successful development of start-ups.http://www.sciencedirect.com/science/article/pii/S2199853122010447innovationquadruple helixstart-up ecosystemstart-upsopen innovation dynamics
spellingShingle Christos Ziakis
Maro Vlachopoulou
Konstantinos Petridis
Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical Research
Journal of Open Innovation: Technology, Market and Complexity
innovation
quadruple helix
start-up ecosystem
start-ups
open innovation dynamics
title Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical Research
title_full Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical Research
title_fullStr Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical Research
title_full_unstemmed Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical Research
title_short Start-Up Ecosystem (StUpEco): A Conceptual Framework and Empirical Research
title_sort start up ecosystem stupeco a conceptual framework and empirical research
topic innovation
quadruple helix
start-up ecosystem
start-ups
open innovation dynamics
url http://www.sciencedirect.com/science/article/pii/S2199853122010447
work_keys_str_mv AT christosziakis startupecosystemstupecoaconceptualframeworkandempiricalresearch
AT marovlachopoulou startupecosystemstupecoaconceptualframeworkandempiricalresearch
AT konstantinospetridis startupecosystemstupecoaconceptualframeworkandempiricalresearch